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EUR/USD Pivots at Last Weeks Low - Surprise PMIs End EZ Data Drought
Has Euro-Zone economic weakness bottomed out in the near-term? If so, the Euro may find a lift.
Yen May See Greater Impact from Eurozone PMIs Than the Euro
Eurozone PMI figures may mean more for the Japanese Yen than the Euro if soft outcomes feed global slowdown fears and trigger market-wide risk aversion.
Dollar Advances Across the Board as Sentiment Breaks, CPI Steady
A fever of risk appetite in the equities market broke this past session and September inflation statistics for the US printed a steady – if below target – pace. How did the Dollar respond?
Crude Plummets To Critical Barrier, Gold Slumps On US CPI Surprise
WTI is pressing against a key technical floor following a dramatic plunge on the back of bearish inventories figures, meanwhile gold awaits guidance from US data.
USDOLLAR at Key Resistance - Reaction to Provoke EUR/USD, AUD/USD
The USDOLLAR Index continues to edge higher from its mid-October lows, but hasn't yet cleared a necessary level to reengage USD longs elsewhere.
EUR/USD Risks Larger Rebound on Slowing U.S. Inflation (CPI)
Another downtick in the U.S. Consumer Price Index (CPI) may generate a larger rebound in EUR/USD as it dampens bets of seeing the Fed normalize policy sooner rather than later.
Pound at Risk on Status-Quo BOE Minutes, US Dollar May Rise on CPI
The British Pound may fall if minutes from October’s BOE meeting show the hawks unable to expand their ranks. The US Dollar may rise if inflation data tops forecasts.
Dollar Untroubled by Risk Swell, Rises As Peers Weaken
Investor sentiment – in the form of volatility readings and equity indexes – improved markedly this past session while rate forecasts for the Fed posted comparatively little progress
Crude Oil Recovers Ahead Of Inventories, Gold Awaits Cues From US CPI
The precious metals may be afforded some breathing room with an expected slide in upcoming US inflation data unlikely to bolster hawkish FOMC bets.
AUD/USD Risks Bearish Break on Slowing Australia CPI- 0.8600 on Tap?
The AUD/USD may fail to retain the wedge/triangle formation from earlier this month should Australia’s 3Q Consumer Price Index (CPI) report drag on interest rate expectations.
NZDCAD Outside Reversal Day Favors Short Scalps Sub-9050
An outside reversal candle off key resistance today shifts our focus to the short-side of NZDCAD. Here are the updated targets & invalidation levels.
EUR/USD Bear Flag in Focus Amid Bets for ECB Corporate-Bond Purchases
The bear flag in EUR/USD continues to favor the downside targets, especially with the growing headlines of additional monetary support from the European Central Bank (ECB).
USD Attempts to Fight the Correction - Levels in EUR/USD, USD/JPY
The buck is facing new headwinds after last week's FOMC minutes, but there is technical evidence that the US Dollar is fighting the correction.
Aussie Dollar Edges Higher on China GDP, Yen May Rise on US Data
The Australian Dollar edged higher after China’s third-quarter GDP data registered modestly better than expected. The Yen may rise as US news-flow fuels risk aversion.
Chinese Renminbi, Global Markets Await Chinese GDP
Though the US Dollar has opened the trading week lower, the market’s motivations are more likely a rebalancing in the face of anticipation of volatility rather than a fundamental shift in view for the currency itself.
Gold Climbs As USD Dips, Copper Slumps Ahead Of Chinese Q3 GDP
Gold and silver may continue their ascent with thin US data offering the USD bulls few fresh positive cues, while copper braces for upcoming top-tier China data.
EURCAD Hits Target- Long Scalps Eye 1.4457 Resistance
The EURCAD has taken out all our topside objectives with our long bias now at risk sub-1.4457. Here are the updated targets & invalidation levels.
GBP/USD Bullish Momentum Remains in Play- AUD/USD Breakout on Horizon
The GBP/USD looks poised for a larger rebound, while the AUD/USD may break out of the near-term consolidation phase amid the key event risks surrounding the region.
Be Selective in EUR Exposure, Pockets of Strength Found
The Euro isn't all good or all bad - there are long and short opportunities shaping up equally, you just need to be selective.
Yen Drops, Aussie and NZ Dollars Rise on GPIF Asset Allocation Change
The Japanese Yen declined while the Australian and New Zealand Dollars rallied amid reports revealing the new asset allocation mix of Japan’s GPIF pension fund.
Crude Oil Recovery Loses Steam, Copper Braces For Top-Tier China Data
WTI’s rebound has seemingly lost momentum as lingering supply glut concerns offset positive US data, meanwhile copper faces further volatility on Chinese economic data.
Euro Faces Economic Headwinds with Weakening German, Euro-Zone PMIs
The big concern levied by market participants that’s holding back the Euro is the ongoing pressure in medium-term inflation expectations.
Weekly Trading Forecast: Complacency Cracks, Is this the Long-Await Reversal?
Traders' nerves were shaken this past week as volatility surged and capital markets stumbled. Now the focus turns to whether the correction is over or just beginning...
EUR/USD Vulnerable as ECB Preps Covered-Bond Purchase Program
The EUR/USD may fail to retain the bullish RSI momentum carried over from the end of September as the ECB prepares its covered-bond purchase program.
The US Dollar’s Moment of Vulnerability
Yesterday was a bad, bad day for the US Dollar.
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